However, some savvy companies are cashing in on seafood waste by creating value from it. It's one of the top trends in the seafood industry, converging with the rise of the circular economy, particularly in food.
"About 40 percent of all seafood goes to waste," said Monica Jain, executive director of Fish 2.0, a startup accelerator for sustainable seafood solutions. Yet she predicts this will drop to about 10 percent over the next decade.
"Not only will we use more of the seafood we capture, we'll also turn today's waste byproducts into valuable co-products," Jain wrote. And that's important, she told GreenBiz, because "we need sustainability to maintain the volume of fish we're taking out of the ocean at present, because we're not likely to decrease the amount of fish taken from the ocean."
Tags: 2017 Competition